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Search Results 0 to 23 of about 24 (some duplicates have been removed)
Nov 30, 2012 4:30pm PST
to be the urbanization story. i mean the expectation that the chinese government has is really azing. they expect $300 million people are going to move from rural areas to urban areas within china over the next 20 years. if that happens the way the government expects it's going tow happen, that's going to be a huge demand story for consumption in china and it doesn't matter if you're an american company or chinese company or japanese company or anyone else, that demand story is going to be huge. >> susie: so there's new leadership in china. you think that, that's going to be the continuing theme? what response to you expect from the new leader? >> well, there's a big question, and the question is how seriously andow successful this leadership can be in tackling this issue of economic reform. i mean the financial crisis made it clear. the chinese economy is unsustainable. it's too dependent on global growth and not dependent enough on the consummittion story we're talking about. if they can shift the focus in china, that will be a great long-term story. >> susie: nicholas consonery asia analyst at the
Nov 28, 2012 4:30pm PST
, hoping they'll help the company reach the government's 50-mile per gallon corporate average fuel economy requirement in 2025. but so far, interest in e.v.s has been lukewarm. g.m. launched the electric hybrid volt nearly two years ago, but so far the company has sold only about 30,000 of the vehicles. analysts blame lower gas prices and not enough charging stations for weak demand, but they think that could change. >> it's just not something that the customers are demanding right now. but, you know, looking back over time when toyota came out with the prius, it was kind of like "who wanted a hybrid car?" and now prius is the largest player. i mean, they are now 50% generally of the hybrid market. >> reporter: g.m. north america president mark reuss says the company remains bullish on electric cars but is developing other technologies, as well. >> i think c.n.g., compressed natural gas, is a huge opportunity on an unleveraging of foreign oil piece of this, as well. and if you look at the shale that we have and the reserves that we have in the united states, and you look at the cost of min
Dec 3, 2012 4:30pm PST
the middle class with the bill." it's not just the federal government under pressure. credit ratings agency fitch calls the fiscal cliff the biggest concern for state credit in 2013. saying, "any meaningful federal deficit reduction is likely to lower state funding, forcing program elimination or backfilling." as the tax hikes and spending cuts approach, u.s. manufacturers saw business shrink last month. the institute of supply managemens purchasing magers index fell unexpectedly to 49.5, down from 51.7 in october. a reading below 50 means business has fallen back into contraction. the november statistic is the lowest since july 2009. the dow fell 60, the nasdaq down eight, the s&p 500 lost six. >> susie: jeff saut says investors seem to be ignoring bad news, and this is a bullish sign. he's managing director and chief investment strategist at raymond james. so jeff, not only are you bullish but you're also calling for a pretty decent santa claus rally. tell us why? >> well, i have learned over the 42 years in this business, susie, that it's pretty tough to put stocks to the downside in the
Dec 4, 2012 4:30pm PST
the federal government to the states, that's not really saving anything. and the president understands that. we think it is really important. recognizing if there are cuts in funds, there ought to be a corresponding reduction in some of the requirements that are put on the states. so we really, as much as anything else, wanted to make sure that our voices are heard and that as decisions are made, whether it is about taxes, whether it is about spending cuts, that they be done equitably and with our input. >> susie: your state is headquarters to many large american companies. and if their taxes go up, which everybody is expecting, what would that meanor jobs in delaware, and also for your state's economy? >> well, across the country, i think this whole issue around taxes and around the fiscal cliff generally leads to something else, which is significant uncertainty. and whether it is delaware or whether it is any other state, one of the things that is most important to us is having business leaders have some kind of certainty about what the ground rules are going to be. not just for the next
Dec 5, 2012 4:30pm PST
that they ordinarily would have. >> reporter: friday, the government will report it's monthly snapshot of the u.s. labor market. it, too, is likely to reflect temporary effects related to the aftermath of hurricane sandy. >> we're looking for only a 50,000 gain in jobs in november, well under that 170,000 average we've seen over the past three months. >> reporter: hurricane sandy's effects on hiring may be short- lived, but experts worry fiscal cliff concerns could result in a new storm brewing for workers looking to land a job in the coming weeks. suzanne pratt, "n.b.r.," new york. >> tom: citi and the financials lead the way higher on wall street, helping the dow top 13,000 again. but a big drop in apple shares kept the nasdaq from gains. by the closing bell, the dow was up 82 points, the nasdaq down 23, the s&p added two points. >> susie: investors were also encouraged by news that american workers were very productive this past summer, and that's good news for company profits. productivity increased at its fastest pace in two years, at an annual rate of 2.9% from july through september. tha
Nov 29, 2012 4:30pm PST
was restocking inventories, which is not expected to continue. higher federal government spending and stronger u.s. exports also helped. the impact super-storm sandy has had on the job market seems to be dissipating. 23,000 fewer americans filed for first-time unemployment benefits during thanksgiving week compared to a week earlier. the total was 393,000. it had jumped to over 400,000 in the weeks following t storm. still, we saw just modest gains on wall street today-- the dow rose 36 points, the nasdaq was up 20, and the s&p 500 added six. >> tom: the roster of companies announcing special one-time paydays for their shareholders continued growing today. taxes on stock dividends are currently set at 15%. but with no deal on the fiscal cliff, dividends will be taxed like regular income, meaning they could go up to over 40% for some high-income households. we spoke with larry mendelson, the chairman and c.e.o. at avionics gear maker heico, which announced its own special dividend this week. larry, thank you for joining us, we appreciate it. what role did the fiscal cliff play in heico decision t
Search Results 0 to 23 of about 24 (some duplicates have been removed)